Treasury guarantee to Bank of Ceylon for Outer Circular Highway Phase II RDA loan

July, 25, 2015

The government is to grant a Treasury guarantee to the Bank of Ceylon for the Road Development Authority (RDA) to enter into a loan agreement with the Bank for the consultancy services for construction supervision of civil works for the Northern Expressway Phase II stretch of the Kerawalapitiya to Kadawatha Outer Circular Highway project.

This is on a proposal by Minister of Highways and Investment Promotion, Kabeer Hashim.